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Intel Corp (NASDAQ:INTC) launched the Gaudi 3 AI accelerator at Intel Vision 2024, aiming to revolutionize the GenAI landscape by offering up to four times more AI computing and 1.5 times increased memory bandwidth compared to its predecessors. This move positions Intel to potentially outperform Nvidia Corp's (NASDAQ:NVDA) H100 in training times and inference throughput. Intel also introduced a new financial reporting framework, appointed new CFOs for its divisions, and emphasized partnerships with various companies to enhance GenAI applications. Intel's stock has seen an 18% increase over the last 12 months, with exposure available through First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 7:39 pm

AYRWF

CLSH

MSOS

TCNNF

YOLO

The latest report from Water Tower Research highlights growth and volatility in the US cannabis industry, with a focus on ETFs like MSOS and YOLO, and companies such as AYR Wellness and Trulieve. The report anticipates regulatory changes and discusses the potential impact of Florida's Amendment 3 on the market. CLS Holdings' expansion into New York's recreational cannabis market is also featured, alongside speculation about DEA rescheduling of cannabis.

Portfolio Pulse from Patricio Liddle

April 09, 2024 | 7:32 pm

YS Biopharma Co Ltd (NASDAQ:YS) announced interim Phase 3 trial results for its PIKA Rabies Vaccine, showing non-inferior immunogenicity to an approved competitor and potential to meet WHO's goal for a one-week rabies vaccine regimen. The vaccine, granted orphan drug designation by the FDA, demonstrated a quicker onset of protection, with a seroconversion rate twice that of the comparator by Day 7. Despite the positive trial results, YS shares dropped 2.27% to $0.86.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 7:30 pm

GOOG

PANW

VTI

Palo Alto Networks Inc (NASDAQ:PANW) shares rose after announcing an expanded AI partnership with Google Cloud, making Google Cloud its AI and infrastructure provider of choice. The deal, described as a ten-figure, multi-year commitment, strengthens Palo Alto's position as Google Cloud's preferred next-generation firewall provider. This partnership, which began in 2018, aims to enhance cybersecurity through AI-driven solutions and zero-trust network security.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 7:30 pm

BMR

NVDA

Beamr Imaging Ltd. (NASDAQ:BMR) shares surged after announcing a demonstration of a real-time video optimization application with Nvidia Corporation's (NASDAQ:NVDA) Holoscan for Media at the NAB Show 2024. The application aims to enhance live-streaming video and 4K streaming capabilities, potentially improving user experience and reducing costs for enterprises. Beamr's stock was halted due to the positive reaction and has seen significant trading volume increase.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 7:28 pm

OPTHF

Optimi Health Corp. (OTCQX:OPTHF), a Canadian psychedelics pharmaceutical manufacturer, has entered into an agreement to supply natural psilocybin to New Zealand's Mātai Medical Research Institute for the Tū Wairua Project. This marks Optimi's first supply deal in New Zealand, contributing to its global expansion. The company will provide GMP Full Spectrum Natural Psilocybin extract for a pilot study aimed at evaluating psychedelic-assisted therapy for Māori patients. The study, set for mid-2024, will integrate Māori cultural practices and aims to inform future trials for methamphetamine use disorder among Māori patients.

Portfolio Pulse from Lara Goldstein

April 09, 2024 | 7:26 pm

BMR

Beamr Imaging announced plans to demonstrate a real-time video optimization application with NVIDIA's Holoscan for Media, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:25 pm

GOOG

NVDA

Nvidia Corp (NASDAQ:NVDA) shares are trading lower due to reports of Alphabet Inc (NASDAQ:GOOG) developing its own AI chips, named Axion, to reduce reliance on external vendors like Nvidia. This development, alongside anticipation of the March CPI report indicating potential inflation increase, has contributed to the downward movement of Nvidia's stock. Alphabet's Axion chips are expected to enhance performance by up to 30% and become available to external customers later this year.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 7:21 pm

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WBD

The University of Connecticut Huskies won their second consecutive NCAA Men's Basketball Championship, a feat not achieved since 2007. DraftKings Inc (NASDAQ:DKNG) had Connecticut as the betting favorite throughout the tournament, with odds starting at +340. The victory was broadcasted by TBS, a unit of Warner Bros. Discovery (NASDAQ:WBD). A $100 bet on Connecticut at the start of the tournament would have yielded a $340 profit. Connecticut's dominant performance sets a new NCAA Tournament point differential record of +140.

Portfolio Pulse from Chris Katje

April 09, 2024 | 7:15 pm

EADSF

EADSY

LMT

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm